Core Viewpoint - Monroe Capital Corporation reported its financial results for Q4 and full year 2024, highlighting a commitment to prudent portfolio management and maintaining asset quality despite economic fluctuations [1][3]. Financial Highlights Fourth Quarter 2024 - Adjusted Net Investment Income (NII) was 0.29 per share, down from 0.31 per share in Q3 2024 [5][13]. - Net Asset Value (NAV) decreased by 191.8 million, or 0.25 per share on December 30, 2024, resulting in an annualized dividend yield of approximately 11.4% [3][8]. Full Year 2024 - NII for the year totaled 1.13 per share, compared to 1.07 per share for 2023 [18]. - Adjusted NII for the year was 1.15 per share, up from 1.11 per share in 2023 [18]. - Total investment income for 2024 was 64.3 million in 2023, primarily due to lower interest income and a decrease in average invested assets [19]. Portfolio and Investment Performance - The company's investments at fair value were 474.3 million at the end of Q3 2024 [7][12]. - The percentage of portfolio company investments on non-accrual status increased to 3.4% from 3.1% in the previous quarter [12]. - The weighted average contractual yield decreased to 10.2% from 11.0% in Q3 2024 [12]. Debt and Leverage - Debt-to-equity leverage increased from 1.50 times to 1.53 times during the quarter due to the timing of certain portfolio company paydowns [6]. - As of December 31, 2024, the company had 163.9 million of debt outstanding on its revolving credit facility [23]. Management Commentary - The CEO emphasized the focus on maintaining portfolio quality and generating attractive risk-adjusted returns despite economic challenges [3].
Monroe Capital Corporation BDC Announces Fourth Quarter and Full Year 2024 Results